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Driving Us to Spend????
By Yeis Here of S.U.R.-B.E.T. Enterprises
I don’t know about anyone else, but I’m extremely puzzled: how is it that the big oil companies and their miscellaneous shareholders can suddenly drop gasoline prices at the pump? Let’s face it — the pump prices don’t reflect the day-to-day cost of barrels of oil bought and sold. . . New oil has to be processed and shipped and stored and then placed into the pump — a long process for sure! So, I’m wondering if anyone else suspects that those that command wall street, madison avenue and ultimately the public’s spending has decided its time to entice shoppers to jump in their cars and buy, buy, BUY!!! Lower gas prices certainly will put more people back on the streets and off to the malls . . . or will it? Actually wage increases, lower food costs along with lower energy costs would DEFINITELY increase consumer spending in a much more healthy way. Lower gas prices at the pump — interesting.
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Contributor's Note
This article's original title: Interesting
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This intel first appeared on: http://iblog.at/yeishere/2008/11/12/interesting
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Yes! 70% of the economic engine in the USA is consumption. When that diminish so does the economy. Where is the money? You'll have to look "under the table" The largest consumption,"housing" ~ about one-third of the 70% the remainder is food, transportation and clothing. Holiday sales for 2006 and 2007 are hard to find. Anyway, with so many unemployed people as well a former home owners' I am not sure who will be celebrating Xmas by spending for 2008. This is Y I seek and find FREE tools to share with my network, so we can be ready for the influx of shoppers, who will not be traveling to shop due to safety, not wanting to be solicited in shopping parking areas ....
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